Nasdaq Texas Makes Its Own Cabinet Connectivity Fee Change
Published Date: 7/22/2026
Notice
Summary
Nasdaq Texas is updating its rules to clearly include non-contiguous intrafirm cabinet connections as part of its fiber connectivity services. This change affects firms using these connections by adjusting the related fees, effective immediately. It’s a smooth move to keep tech connections clear and costs fair for members.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
New Monthly Fees for Fiber Cross‑Connects
If your firm uses non-contiguous intrafirm cabinet cross-connects in Nasdaq Texas data center halls, Nasdaq Texas will charge ongoing monthly fees instead of the prior one-time installation charge. The new fees are $385.00/month for a single cross-connect and bundled monthly rates of $450.00 for 6, $540.00 for 12, $630.00 for 18, and $720.00 for 24 cross-connects; Nasdaq would not charge an installation fee. Established customers will be charged these monthly fees upon implementation (on or about the second quarter of 2026), and new customers will be charged the ongoing monthly rates when they begin service.
Nasdaq Administers Intrafirm Fiber
Nasdaq Texas will directly furnish, inventory, monitor, audit, and maintain non-contiguous intrafirm cabinet fiber connectivity inside its data center halls and will require customers to obtain that connectivity from Nasdaq. Nasdaq will standardize and manage the fiber used for these non-contiguous intrafirm cabinet connections as part of its data center operations starting around the second quarter of 2026.
Third‑Party Fiber Providers Barred From Halls
Third-party providers will no longer be permitted to furnish non-contiguous intrafirm cabinet fiber connectivity within Nasdaq Texas data center halls; Nasdaq will supply the fiber itself. Third parties may still offer installation services, but the fiber connectivity must be provided, inventoried, monitored, audited, and maintained directly by Nasdaq.
Contiguous Cabinet Cabling Remains Customer‑Directed
If your firm uses contiguous cabling between adjacent cabinets that does not traverse shared data center space, that cabling generally remains customer-directed and is not an Exchange connectivity offering. Nasdaq will continue supervisory oversight of the data center environment, but customers may implement contiguous cabling themselves or hire third parties without being charged Nasdaq's non-contiguous intrafirm connectivity monthly fees.
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Previous / Next Documents
Previous: 2026-14744 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Regarding Intrafirm Cabinet Connectivity
Nasdaq is updating its rules to clearly include a new type of fiber connection called non-contiguous intrafirm cabinet connectivity and is changing the fees for this service. This affects firms using Nasdaq’s data center connections, making it easier to understand and use these services. The changes took effect immediately on July 9, 2026, so firms should check their fees and connectivity options now.
Next: 2026-14746 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule General 8 Regarding Intrafirm Cabinet Connectivity
Nasdaq PHLX is updating its rules to clearly include non-contiguous intrafirm cabinet connectivity as part of its fiber connectivity services and is changing the fees for this service. This affects firms using Nasdaq’s data center connections, making the rules clearer and the pricing more transparent. The changes took effect immediately on July 9, 2026, so firms should review their costs and connections now.